Observations

Prepare for Mothers day Shoppers

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mothers_day_03With Mothers day fast approaching there are a few ways to lead people into your stores for your great shopping deals. Some people do not like waiting in lines or searching for the perfect gift.

One company suggests possibly making a video of your store and displays on all of the great things that you have for “mom” and posting it on your website so that when customers come in they know exactly what they are searching for.

As retailers we need to understand that mom’s, or Women, of the household do most of the shopping, and as it turns out they do a lot of online research.

The best way, it seems to get into mom’s pocketbook is to utilize your online advantages through websites, or networking this is a great way to let women know what you have in your store, your sales, and your great prices.

With this in mind we have some great ideas that will help shoppers pay for their sought out merchandise. eBay has now purchased a program called Fig, which really reminds me of food, but it is a paypal based program that people can load onto their cell phones.

This application doesn’t show any of their private information but what it does do is allow the purchaser to use their phone to pay with their paypal account.

It seems as though it is easy enough, the consumer will download the application to their phone and the retailer will need a simple USB device that will attach to their point of sale machine.

It also seems to have added security because the user’s picture will show up on the register interface so that the retailer can verify that this is the person standing in front of them. We know that everyone is going with the telephone applications so this might be an added bonus for companies to make better, more efficient sales and as internet marketing and buying continues to grow, so will paypal accounts.

On the same note Visa Inc has made a great investment on the point of sale company Square. With this, square offers retailers the ability to process their cards through their ipod or cell phone applications also.

This would make it much easier for retailers to get the “quick” check out and turnover for customers. These devices may all add to a greater end result for most retailers, and the convenience that customers are looking for.

To help with the set up of some of your newer software and devices CETW lists some of the mistakes that you can easily avoid when offering self serve and implementing this into your business.

For anyone thinking about this there are some mistakes you don’t want to make, like hiring the wrong person to set this system up for you.

Mothers Day Promotion Ideas
Giving some great ideas on how to bring mothers to your store, and how to sell sell sell for mother’s day

Are your stores connecting with today’s connected Moms?
Realizing that moms make up the bulk of the shopping decisions could help you to appeal to the necessary shopper to get your items noticed.

Where Fig Fits in eBay’s Quest for the Digital Wallet
The new program Fig and how it could work for all retailers with a simple USB connection.

Visa makes strategic investment in Square
Visa invests in the company Square who will also bring new and innovative ideas to retailers with apps to pay by “phone” or pay with phone.

CETW: Avoid these mistakes when implementing self-service
Great tips in helping retailers implement self service, you don’t want to miss out on these tips to help make it the way you want it.

Gift Shop POS

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Do you own a retail gift shop and would like to see an increase in sales and valuable time? You should consider using point of sale gift shop software. The right POS software can increase your sales on average of 15% while saving you up to five hours a day.

Advantages of a point of sale system for your gift shop.

  • You will be able to control all inventory in real-time and keep hot selling items readily available.
  • Track customers – helps you send out promotional coupons or discounts to bring customers back.
  • Save time and reduce errors by entering the price of the item directly into the POS.
  • Never have a pricing discrepancy
  • Fast checkout lines
  • See if you have an item in stock or do a special order right at the register.

Take time to consider the right Gift Shop Point of Sale Software. Find one that is affordable, easy to use and has readily available technical support. There are many options when choosing a POS. You could host your own software and database or find a web based company that handles all that for you.

Read the article below for more information on Gift Shop Point of Sale.

Show Me the Money! Saying Yes to POS

Open To Buy

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Open to Buy is essentially a financial budget for retail merchandise. Used correctly and diligently this will greatly improve the financial performance of your retail operation. Open to Buy involves a planning process that is future orientated, provides you assistance on how much merchandise to buy, and provides benchmarks for evaluating and adjusting future plans. The business goal is to stock the right amount of products at the right time, thus reducing markdowns and maximizing profits. Fashion and seasonal merchandise benefit from this plan more than everyday stock. The reason being, is change, you need the right tools to forecast the appropriate and specific type of merchandise that will sell.
Taking the time to form a realistic plan will give you the numbers you need to maintain the correct amount of inventory and improve your overall purchasing power.

Open to Buy is available in many retail software packages as an add-on module. Only a few software companies contain it in their core package, but with the right knowledge and a little research you can set up your own Open to Buy plan in a simple spreadsheet.

To learn more about Open to Buy here are two informative articles that give useful examples to better understand the full range of planning.

Retailing: What is an Open to Buy

Open to Buy Planning: Controlling Your Inventory

WhizBang Training

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WhizBang Training is an excellent resource for building rock solid strategies that will bring your business to the top. Here you will find proven tips that help you in areas of websites, marketing, staff development, sales, customer service, store operations and inventory management. WhizBang also provides free reports that pertain to retail businesses, retailer resources, technology tools and a weekly newsletter that offers success tips. Have you ever wondered how to keep your staff from calling into work or how to make that great first impression to a customer? Visit WhizBang Training and find the answers to these questions and many more.

The Retail Mastery System

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It’s a fact that over 90% of small businesses fail due to lack of knowledge or skill to run their businesses effectively. The Retail Mastery System provides you with the information you need to make your business successful. The system was developed by Bob and Susan Negen, which have over 35 years combined retail experience. The information, contained in 11 separate units will give you tools and tactics for sales, staffing, financial, inventory and much more. View great videos by Bob and learn more about the great benefits by clicking here to visit the website.
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